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Goldman: 3 Oil Refiners To Buy And 4 To Sell

Oil refiner stocks were the stars of the energy sector in 2015, but they have been absolutely crushed so far in 2016. While the Energy Select Sector SPDR (ETF)XLE 0.8% is up 11.3 percent this year, refiner stocks are averaging a more than 40 percent decline.

Goldman Sachs analyst Neil Mehta believes the selloff has created some buying opportunities for investors, but he warns that stock picking is critical in the unpredictable oil market.

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